Alinda's Real Estate Updates

PID and MUD Taxes

The Martin Team — Mon, 14 Apr 2008 19:33:00 GMT

I understand that League City has what is called PID taxes. What is the difference between a PID and a MUD tax?

Most of League City has a MUD and that is another taxing authority added on the the county, city, school, etc. It usually never goes away. And a PID is almost the same except it is calculated on the land sq. ft. and it is always the same amountt every year and it can pay off after a set time. It can be paid by monthly, yearly or all at once. It usually is around a 7% interest rate for the duration of the pay off.

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Feb 08 Market Updates for the Clear Lake area

The Martin Team — Sun, 13 Apr 2008 21:09:00 GMT

Clear Lake Area 7

Clear Lake was ranked #2 on the February Houston Hotness Index because 14.8% of its listings went under contract during that one month.
Clear Lake single-family home sales have declined by 48 units over February YTD 2007 with 221 homes sold in 2008 as compared to 269 last year.
Contracts written and pending to close year-to-date are 9.01% for a total of 202 MLS recorded pending sales. Last year, there were 222 contracts pending in February.
Homes listed and on the market in Clear Lake are 10 units greater than those found this time last year with 737 single-family homes on the market today.
Clear Lakes Average sales price is up by 3.48% and currently stands at $177,909, as compared to $171,929 last year during the same time frame.
Days on the market register at 82, which represents a 1-day decline from Days on the Market last year during the same time frame

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Feb 08 - Market Updates for Galveston County

The Martin Team — Sun, 13 Apr 2008 21:07:00 GMT

Galveston County Area 33

Single-family home sales in Galveston County were down 14.74% in February 2008 over the previous February with 509 home sales recorded in the Houston MLS year to date. There were 597 closed last year during the same time frame.
Pending contracts recorded in February 2008 were down by 13.87% compared to last year. Pending units recorded year-to-date currently stand at 410 whereas last year, pending units were at 476.
Galveston Homes on the Market reached 2,659 in February 2008 and are up by 4.27% over last year.
Galveston Countys average sales price is $178,528 and that figure is up by 5.27% over last year. The median sales price for Galveston County, where half the homes sold above and half sold below is $148,750, a 6.41% decrease over this time last year.
Galveston County currently has 7.8 months of inventory. Days on the market to sell a home in Galveston County is currently at 97 days and is 6.59% more than last years 91 DOM.
Listings should be precision priced at its current 94% sale price/list price ratio or higher.

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